Led by industry and investment veteran Claire Harvey, ARM Resource Partners will focus on acquiring passive oil and gas interests across the Lower 48.
Prominent shale investor Dan Wilks on Jan. 19 reported a 7.5% active stake in troubled oilfield services firm ProPetro Holding Corp. through an investment vehicle.
Chevron and San Jose-based Blue Planet also signed a letter of intent to collaborate on potential pilot projects and commercial development in some geographies.
The contract awarded to Equinor to provide generation capacity to New York with renewable power is set to position the Empire State as an offshore wind industry hub.
Saudi Arabia Crown Prince Mohammed bin Salman unveiled plans in a rare televised appearance to build a zero-carbon city to house a million residents in "carbon-positive urban developments powered by 100% clean energy."
The age of the driller is over, industry expert Chuck Yates says, and the oil and gas companies that outperform going forward will be valued on different metrics.
Halliburton has established a new $1 million Halliburton Business and Engineering Scholarship Fund at Prairie View A&M University (PVAMU), the company said on Jan. 11.
The oil and gas industry urgently adapted and responded to the double black swan events of 2020—the COVID-19-induced global demand destruction and the OPEC+-driven supply glut, but it must also mobilize as fervently to the third black swan of 2020, the ESG directive.
Total is still pursuing oil exploration, but CEO Patrick Pouyanne said the company would focus on cost mainly in areas such as the Middle East and North Africa, Brazil and Suriname.